From: Paul Young <[email address]>
Sent: Thursday, 11 March 2021 3:38 p.m.
To: Philippa Drury <[email address]>
Subject: RE: GSF annuitants - pre 1985 retirees

Hi Philippa

Wow – that must mean they had retired before they were 21 – I’m guessing that wasn’t an ideal
situation.  That is interesting and gives some context for the potential length of the tail of the
liability.

Ngā mihi

Paul

Paul Young
Revenue and Finance Advisor
Office of the Hon Grant Robertson | Minister of Finance, Minister for Infrastructure, Minister for
Sport and Recreation, Minister for Racing
7.6 Executive Wing, Parliament Buildings, PO Box 18041, Wel ington
Phone: 04 817 8274  |Mobile: 029 890 1505 |  Email: [email address]

From: Philippa Drury [mailto:[email address]]
Sent: Thursday, 11 March 2021 3:31 PM
To: Paul Young <[email address]>
Subject: GSF annuitants - pre 1985 retirees

Hi Paul
Fol owing on from our conversation, I thought you might find it interesting to know the youngest pre
1985 retiree is I think around 57 today.  So the age profile is not nearly as old as you might think.

We have a number of members in this group who are ex Armed Forces and will have short service
then will have medically retired.

Kind regards
Philippa

Philippa Drury | General Manager, Schemes | Government Superannuation Fund Authority and Board of
Trustees of the National Provident Fund

Address: Level 12, The Todd Building, 95 Customhouse Quay, Wel ington 6011, New Zealand
Phone:   +64 211854276
Email:    [email address]

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